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Playtech Shares Slide as Discovery Links It to Discredited Black Cube Report on Evolution

A court finding the 2021 report false underpins Evolution's plan to add Playtech to its defamation case.

Overview

  • The New Jersey Superior Court ruled the 2021 Black Cube report untruthful and ordered disclosure of the parties behind it.
  • Discovery in the U.S. lawsuit points to Playtech as the client that commissioned Black Cube in December 2020 for a reported £1.8m, which Playtech denies while saying it lawfully investigated concerns about Evolution.
  • U.S. regulators, including the New Jersey Division of Gaming Enforcement, closed probes without action after finding no evidentiary support for the report’s claims.
  • Evolution says it will amend its defamation complaint to add Playtech as a defendant, with the case expected to continue into 2026.
  • Playtech’s stock closed down 21% at 270p on Tuesday following the latest disclosures.